This is the world's fastest-growing economy, and it could grow an 'explosive' 100%
Publishing timestamp: 2023-09-27 11:30:34
Summary
Guyana, the world's fastest-growing economy, is projected to grow by 38% this year and over 100% by 2028, largely driven by profits from its oil production and export sector. The country's GDP growth is expected to be fueled by increased oil production and new offshore fields. However, there are risks such as political stability, high oil prices, corruption, and the need to diversify the economy.
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Keywords: economic events, oil and gas, exxon mobil corp, energy, guyana, international monetary fund, business news, world economy,